Ginny Chorghade 0

Allow OCI / PIO to exchange Indian Rupees

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Petition to Government of India, Reserve Bank of India.

No provisions or policy made by RBI for OCI (Overseas Indian Citizen) or PIO (People of Indian Origin) card holders to convert the travel money they may possess. Please sign a petition on behalf of thousands of OCI / PIO card holders who do not fall into NRI category for whom the provision of conversion is extended till end June 2017.

People with OCI/PIO can't exchange old notes unlike NRIs!

Often OCI / PIO visit parents or family in India and when going out of the country end up carrying unused currency for a possibilty to use on the next visit. Thousands are in this situation where have old currency notes of 500 and 1000 leftover in the vallets. RBI should make some provision for these notes which get carried away by OCI/PIO abroad.

Key Points:

1. Policy specific to OCI / PIO card holders to exchange the old INR currency notes 500 / 1000 they may possess.

2. Ability to convert these at country of residence of OCI / PIO as for many difficult to travel back to exchange.

3. Provision to exchange these when arriving in India possibly at airports.

4. Uniform rules and clarity on regulations relating specific to OCI / PIO card holders.

Please read comments and update on issues faced by OCI / PIO card holders.


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